World Bank, Unemployment, Trillions in Spending
Is there an end in sight? Nope! The news keeps getting worse and these projections made by our Government and the guessing game around the world should not surprise us. But what do all these facts and figures mean to us?
Unemployment. Reaching over 10% in modern America is an unrealistic number and equivalent to an American nightmare come true. The figures, as vile as they sound, do not represent all the facts. Underemployed and unemployable workers would paint a true picture and believe me it is far worse than 10%. State by state is even a worse picture. This means that a large portion of workers in America and therefore families are being wiped out. In order to pay bills savings, stocks, mutual funds and 401k’s are getting raided every day. Are these numbers reported? No! we just give Americans the broad strokes to keep our education at a minimum. Remember in the long run the only thing that kept Japan out of a complete national meltdown was they are a savings nation. You hear that! Because we aren’t even if you were its not the case now is it.
Contraction of growth. The World bank is right on when it reports the world has become an economically smaller place. People see this and say hmmm the world is suffering a bit too. They may even take solace in that fact. But as the world goes the US goes worse. If the world can’t consume and we can’t consume then the writing is on the wall. Yes more layoffs and unemployment. With that comes more businesses cratering because they can’t sell products goods and services. Airline solution for example – raise rates and make it even more unaffordable to travel for those who don’t have the money. Go to Arby’s for example. Last night I spent almost $20 for 3 roast beef sandwiches and some taters. Find Chache’ Lux for me. Strasburg Kids? Real Bargains there. Car dealers – construction – you name it. At least Wal-Mart is hanging in there but we all know why that is true.
Currency. Printing day and night. A lot of people think there is a Fort Knox somewhere. Well there isn’t. It’s just paper and the US isn’t the only nation printing it. The tragic thing is that it is not backed up by anything except by the world’s faith in governments. This means the more of it out there the more commoditized it becomes. That means inflation is coming and coming hard. So already hobbled consumers will pay even more for stuff. The fact is that what the economy needs is consumption and the people are broke. The US is too. When history writes about the fall of America the abandonment of the Gold Standard will be one of the most impactful decisions ever made.
Spending, Health care, Welfare – our entitlement society. Spending is untrue. We are borrowing to spend. Health Care reform? A Trillion dollars? Our government is crazy! We can’t afford the debt we have already and we want to borrow more for screwed up entitlement programs that have already been pilfered. I wonder if people know Federal programs own a huge portion of the US debt. Where is the money? Not there for certain and we want to borrow more to see it drained and accessed by the big, rich and powerful. Madoff looks like a walk in the park against the ponzi scheme our leaders have perpetrated upon us. Healthcare - what happened to Tort Reform? Well the lawyers’ lobbyists – those that John Edwards was so close to – obviously are not be fooled with. Therefore insurance premiums for doctors are so astronomical that combined with taxes many physicians can’t keep their heads afloat either. So create a huge government entity, fueled by borrowing while the people that provide services have insurance nightmares and people jammed down their throats. Sickening. Ask listeners if they see any end in sight to the lunacy and borrowing in DC.
Stimulus. The G8 nations have concluded that it needs to stop. Why? They can’t afford it. Well the American government already pandered all this stuff to us and instead of standing there and retracting all spending and unrealistic promises they put trillions of debt on our debt to follow through on things that are not possible to achieve without further bankrupting the nation. Now take into account the tens if not hundreds of billions unaccounted for and slipped into pet projects that politicians can claim credit for to be re elected. Is this working? Absolutely not – there are way too many pigs at the trough to ever see the money pour onto Main Street – a label by the way that makes me sick too.
Every single subject to be covered is sold to us like kids. Americans are simply ignorant and uneducated on all the facts and what they mean. Fickle? You bet. The stock market is the same. We see the headlines and political entertainment geared to cover our eyes with wool. Worse there is absolutely nothing average (imagine even being called average) Americans can do. We forfeit our voice to politicians that cumulatively spend over $100 billion each 4 years cycle to get themselves to DC to borrow and spend our money. Wouldn’t you agree that 90% or more of what we see our “LAWMAKERS” actually do is spend money. No wonder why they use TV so much. It’s a bunch of commercials created for us to consume more crap being doled out onto our plate.
I am so upset, disenchanted and outraged it is hard for me to sit down each week and write about this. We get sold “our children and grand children” – “The American Dream” – “Leaving this a better place then we mismanaged it”. Forget about them they are already bankrupt and devastated. it is us we should be worried about because in our lifetime we are very likely to see America’s collapse as so many predicated our Capitalist society would. I have to wipe my chin now because I dribble down my neck when I RANT because I am so enraged that I would puke on my bib otherwise.
Is there an end in sight? Nope! The news keeps getting worse and these projections made by our Government and the guessing game around the world should not surprise us. But what do all these facts and figures mean to us?
Unemployment. Reaching over 10% in modern America is an unrealistic number and equivalent to an American nightmare come true. The figures, as vile as they sound, do not represent all the facts. Underemployed and unemployable workers would paint a true picture and believe me it is far worse than 10%. State by state is even a worse picture. This means that a large portion of workers in America and therefore families are being wiped out. In order to pay bills savings, stocks, mutual funds and 401k’s are getting raided every day. Are these numbers reported? No! we just give Americans the broad strokes to keep our education at a minimum. Remember in the long run the only thing that kept Japan out of a complete national meltdown was they are a savings nation. You hear that! Because we aren’t even if you were its not the case now is it.
Contraction of growth. The World bank is right on when it reports the world has become an economically smaller place. People see this and say hmmm the world is suffering a bit too. They may even take solace in that fact. But as the world goes the US goes worse. If the world can’t consume and we can’t consume then the writing is on the wall. Yes more layoffs and unemployment. With that comes more businesses cratering because they can’t sell products goods and services. Airline solution for example – raise rates and make it even more unaffordable to travel for those who don’t have the money. Go to Arby’s for example. Last night I spent almost $20 for 3 roast beef sandwiches and some taters. Find Chache’ Lux for me. Strasburg Kids? Real Bargains there. Car dealers – construction – you name it. At least Wal-Mart is hanging in there but we all know why that is true.
Currency. Printing day and night. A lot of people think there is a Fort Knox somewhere. Well there isn’t. It’s just paper and the US isn’t the only nation printing it. The tragic thing is that it is not backed up by anything except by the world’s faith in governments. This means the more of it out there the more commoditized it becomes. That means inflation is coming and coming hard. So already hobbled consumers will pay even more for stuff. The fact is that what the economy needs is consumption and the people are broke. The US is too. When history writes about the fall of America the abandonment of the Gold Standard will be one of the most impactful decisions ever made.
Spending, Health care, Welfare – our entitlement society. Spending is untrue. We are borrowing to spend. Health Care reform? A Trillion dollars? Our government is crazy! We can’t afford the debt we have already and we want to borrow more for screwed up entitlement programs that have already been pilfered. I wonder if people know Federal programs own a huge portion of the US debt. Where is the money? Not there for certain and we want to borrow more to see it drained and accessed by the big, rich and powerful. Madoff looks like a walk in the park against the ponzi scheme our leaders have perpetrated upon us. Healthcare - what happened to Tort Reform? Well the lawyers’ lobbyists – those that John Edwards was so close to – obviously are not be fooled with. Therefore insurance premiums for doctors are so astronomical that combined with taxes many physicians can’t keep their heads afloat either. So create a huge government entity, fueled by borrowing while the people that provide services have insurance nightmares and people jammed down their throats. Sickening. Ask listeners if they see any end in sight to the lunacy and borrowing in DC.
Stimulus. The G8 nations have concluded that it needs to stop. Why? They can’t afford it. Well the American government already pandered all this stuff to us and instead of standing there and retracting all spending and unrealistic promises they put trillions of debt on our debt to follow through on things that are not possible to achieve without further bankrupting the nation. Now take into account the tens if not hundreds of billions unaccounted for and slipped into pet projects that politicians can claim credit for to be re elected. Is this working? Absolutely not – there are way too many pigs at the trough to ever see the money pour onto Main Street – a label by the way that makes me sick too.
Every single subject to be covered is sold to us like kids. Americans are simply ignorant and uneducated on all the facts and what they mean. Fickle? You bet. The stock market is the same. We see the headlines and political entertainment geared to cover our eyes with wool. Worse there is absolutely nothing average (imagine even being called average) Americans can do. We forfeit our voice to politicians that cumulatively spend over $100 billion each 4 years cycle to get themselves to DC to borrow and spend our money. Wouldn’t you agree that 90% or more of what we see our “LAWMAKERS” actually do is spend money. No wonder why they use TV so much. It’s a bunch of commercials created for us to consume more crap being doled out onto our plate.
I am so upset, disenchanted and outraged it is hard for me to sit down each week and write about this. We get sold “our children and grand children” – “The American Dream” – “Leaving this a better place then we mismanaged it”. Forget about them they are already bankrupt and devastated. it is us we should be worried about because in our lifetime we are very likely to see America’s collapse as so many predicated our Capitalist society would. I have to wipe my chin now because I dribble down my neck when I RANT because I am so enraged that I would puke on my bib otherwise.
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